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Bright Minds, Big Rent: Gentrification and the Rising Returns to Skill

January 2016

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The 10 most similar working papers to the working paper 'Bright Minds, Big Rent: Gentrification and the Rising Returns to Skill' are listed below in order of similarity.

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• Working Paper

  
  
  Interactions, Neighborhood Selection, and Housing Demand
  

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  Authors: Yannis M Ioannides, Jeffrey E Zabel

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• Working Paper

  
  
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  November 2023

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• Working Paper

  
  
  Networking Off Madison Avenue
  

  October 2005

  Authors: J. Vernon Henderson, Mohammad Arzaghi

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• Working Paper

  
  
  Quality Sorting and Networking: Evidence from the Advertising Agency Industry
  

  October 2005

  Authors: Mohammad Arzaghi

  Working Paper Number:

  CES-05-16

  This paper provides a model of knowledge sharing and networking among single unit advertising agencies and investigates the implications of this model in the presence of heterogeneity in agencies' quality. In a stylized screening model, we show that, under a modest set of assumptions, the separation outcome is a Pareto-undominated Nash equilibrium. That is, high quality agencies locate themselves in a high wage and rent area to sift out low quality agencies and guarantee their network quality. We identify a necessary condition for the separating equilibrium to exist and to reject the pooling equilibrium even in the presence of agglomeration economies from networking. We derive the maximum profit of an agency and show the condition has a directly testable implication in the empirical specification of the agency's profit function. We use a sample of movers'existing agencies that relocate among urban areas'in order to extract a predetermined measure of their quality prior to relocation. We estimate the parameters of the profit function, using the Census confidential establishment-level data, and show that the necessary condition for separation is met and that there is strong separation and sorting on quality among agencies in their location decisions.
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• Working Paper

  
  
  Who Gentrifies Low Income Neighborhoods?
  

  January 2008

  Authors: T. Kirk White, Terra McKinnish, Randall Walsh

  Working Paper Number:

  CES-08-02

  This paper uses confidential Census data, specifically the 1990 and 2000 Census Long- Form data, to study the demographic processes underlying the gentrification of low income urban neighborhoods during the 1990's. In contrast to previous studies, the analysis is conducted at the more refined census-tract level with a narrower definition of gentrification and more narrowly defined comparison neighborhoods. The analysis is also richly disaggregated by demographic characteristic, uncovering differential patterns by race, education, age and family structure that would not have emerged in the more aggregate analysis in previous studies. The results provide little evidence of displacement of low-income non-white households in gentrifying neighborhoods. The bulk of the income gains in gentrifying neighborhoods are attributed to white college graduates and black high school graduates. It is the disproportionate in-migration of the former and the disproportionate retention and income gains of the latter that appear to be the main engines of gentrification.
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